M&A Deal Summary

Compass Group Equity Partners and Capital For Business Acquire Epic Systems

On July 20, 2018, private equity firms Compass Group Equity Partners and Capital For Business acquired engineering company Epic Systems

Acquisition Highlights
  • This is Compass Group Equity Partners’ 1st and Capital For Business’ 2nd transaction in the Engineering sector.
  • This is Compass Group Equity Partners’ 6th and Capital For Business’ 39th transaction in the United States.
  • This is Compass Group Equity Partners’ 2nd and Capital For Business’ 9th transaction in Missouri.

M&A Deal Summary

Date 2018-07-20
Target Epic Systems
Sector Engineering
Buyer(s) Compass Group Equity Partners
Capital For Business
Deal Type Buyout (LBO, MBO, MBI)

Target

Epic Systems

St. Louis, Missouri, United States
Epic Systems is an engineering company, industrial automation engineering, and fabrication firm. Epic provides turnkey solutions for modular process systems, pilot plants, distillation systems, integrated packaging and assembly lines, industrial automation engineering, and machine vision system integration. Epic Systems was founded in 1995 and is based in St. Louis, Missouri.

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Buyer(S) 2

DESCRIPTION

Compass Group Equity Partners is a private equity firm focused on lower middle-market companies. The Firm looks to invest between $1 to $15 million for companies generating sales of $20 to $100 million. Prospective transaction types include management buyouts, growth financings, and stake purchases. Sectors of interest include manufacturing, distribution, and business services. Compass Group was formed in 2015 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 6 of 17
Sector (Engineering) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 10
State (Missouri) 2 of 4
Country (United States) 6 of 17
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Logic PD

Eden Prairie, Minnesota, United States

Logic PD, Inc. designs and develops embedded and connected devices serving the aerospace, defense, control and automation, Internet of Things (IoT), and medical/life sciences markets. Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic PD was founded in 1960 and is based in Eden Prairie, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 Manufactured Assemblies

Vandalia, Ohio, United States

Manufactured Assemblies Corp. is a manufacturer of custom cable assemblies, wire harnesses, and kiosks for large and small OEMs. MAC expanded its capabilities from making custom cable assemblies and wire harnesses, into a wide range of products including the manufacture of electronic and mechanical assemblies such as kiosks, box builds, panel boards, digital signs, and other custom components. Manufactured Assemblies was founded in 1976 and is based in Vandalia, Ohio.

Sell -
Buyer

Capital For Business

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1959
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Capital for Business (CFB) is a private investment firm focused on providing junior capital to growing lower middle-market companies with at least $8 million in sales. CFB targets businesses serving niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States. Funds are typically used to support management buyouts, leveraged buyouts, recapitalizations, corporate divestitures, growth financings, and going-private transactions. CFB will not invest in start-ups, turnarounds, unproven technologies, biotech, real estate, and financial institutions. Capital for Business was founded in 1959 and is headquartered in St. Louis, Missouri.


DEAL STATS #
Overall 39 of 55
Sector (Engineering) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 29 of 35
State (Missouri) 9 of 12
Country (United States) 39 of 55
Year (2018) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-06 Debron Industrial Electronics

Troy, Michigan, United States

Debron Industrial Electronics is a full-service turnkey provider of value-added electronics manufacturing to the industrial, automotive, aerospace, and energy end markets. Debron Industrial Electronics provides design, layout, engineering, and manufacturing of electronic controls, integrates them into assemblies (box build), and provides additional value-added services such as kitting, packaging, and direct delivery to the end customer. Debron is an expert at both series production as well as quick-turn prototypes and serves industries requiring the highest quality standards as evidenced by their IATF 16949:2016 certification. Debron Industrial Electronics was founded in 1981 and is based in Troy, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-28 Driv-Lok

Sycamore, Illinois, United States

Driv-Lok is a provider of press-fit fastening and joining components for OEMs and fastener distributors. Driv-Lok manufactures over 2,000 SKUs comprising spring pins, grooved pins, dowel pins, barbed pins, and more, and specializes in manufacturing engineered, application-specific specials as well as standard parts through stocking distributors. Driv-Lok was founded in 1936 and is based in Sycamore, Illinois.

Buy -